Tarena International Inc.

06/04/2021 | Press release | Distributed by Public on 06/04/2021 14:17

Tarena Enters into Definitive Agreement to Sell Office Building (Form 6-K)

Tarena Enters into Definitive Agreement to Sell Office Building

Tarena International, Inc. ('Tarena' or the 'Company') today announced that the Company, through its wholly-owned subsidiary in the PRC, entered into a definitive agreement with Zhongqing (Beijing) Online Publishing Co., Ltd., pursuant to which the Company agreed to sell an office building with a total consideration of approximately RMB92.0 million. The premise is located in Building 19, Block 2, Yard 31, Kechuang 13 Street, Beijing Economic-Technological Development Area, Beijing and has an aggregate gross floor area of approximately 8,100 square meters. Pursuant to the agreement, the Company expects to receive the full payment by July 31, 2021 and may continue to use the building until December 31, 2021.